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Sky News
Google job fears in UK and Ireland as parent firm slashes 12,000 staff globally
Google workers in the UK and Ireland face uncertainty after its parent company Alphabet announced 12,000 jobs are to be axed globally.The Silicon Valley giant employs more than 5,000 staff in both countries, but the company would not be drawn on how the mass redundancies would impact them. The “difficult news” about the job losses …
Press Release
Pressat
Freezing the multipliers – how does this affect my business rates?
The government have promised a lot of things to help businesses with their rising costs. In the UK, business rates are generally one of the highest outgoing costs for any business. As the 2023 revaluation creeps ever closer, concerns over the unquantified rates hike have been growing. One of the biggest ways the government have …
Business
Business Live
Levelling Up funding has been a big let down
Earlier this week the UK Government announced a list of eleven projects in Wales that had qualified for £208m from its Levelling Up Fund. As would be expected with only half of the local authorities in Wales receiving this funding, the decisions were seen as controversial to say the least. Some have argued that headlines …
Business
Business Live
‘No decisions made’ on potential sale of food giant Princes after ‘market speculation’
Food giant Princes has said no decisions have been made on its ownership after reports emerged of a potential sale. The Liverpool-headquartered company, which is based at the city’s iconic Royal Liver Building, added that it “does not respond to market speculation” but that management “routinely seek to identify growth and investment strategies”. The business …
Business
Evening Standard
The London bank branches set to close for good
Twelve London high street banks are set to close this year.Lloyds and Halifax have announced 40 bank branch closures across the UK in between April and June.These include branches in Crouch End, Purley, Norbury, Marylebone, Harrow and Golders Green.Lloyds Banking Group, which owns both high street banks, said the branches to be closed have seen …
Business
Evening Standard
The ugly truth emerging about Revolution Beauty’s fall
Fortunately, you did not own shares in Revolution Beauty last year. How right you were. This self-styled “multi-brand, multi-category, multi-channel, mass beauty innovator with proven global scale” came to the AIM market in July 2021 at 160p, valuing the business at almost £500 million.The existing shareholders (including private equity, of course) raised £190 million, and …
Business
Business Live
US consulting firm Treliant to create 150 jobs at Belfast base
Belfast has beaten off stiff competition from other global locations as a base for the expansion of a US consulting firm, which will create 150 new jobs. Treliant, which works with the financial services sector, said the move will quadruple the size of its office in the city. The firm first arrived in Belfast in …
Business
Business Live
‘Under-used’ offices could become 268-bed student scheme
Two neighbouring office blocks close to Leicester Station and the University of Leicester could be turned into student accommodation. A student developer is interested in adding more stories to Regent House and Waterloo House, next to Tigers Way, and creating a 268 bed student scheme. Development plans show that Rumrat Ltd also wants to build …
Business
Business Live
Boohoo might not return to profit until 2026, analysts warn
A warning has been issued over when fashion giant Boohoo will return to profit as it battles a sharp drop in sales. Shares in the Manchester-headquartered group fell this week after revealing its sales are expected to be cut by 12% during its current financial year. Boohoo, whose brands include PrettyLittleThing, Nasty Gal and Debenhams, …
Business
Evening Standard
Education unions in six-hour talks with Government officials to avert strikes
Education unions are meeting Government officials for a marathon six-hour round of talks in a bid to avert teacher walkouts in the coming weeks.Friday’s meeting comes after union leaders said there had been “no progress” after discussions with Education Secretary Gillian Keegan on Wednesday.The National Education Union (NEU) plans seven days of strike action in …
Business
Sky News
Another 40 bank branches to shut as Lloyds and Halifax announce closures
Lloyds and Halifax have become the latest banks to announce branch closures with 40 to be axed in the face of a significant drop-off in footfall.The high street lenders said the sites, all but one of which are in England, will shut their doors between April and June. It brings the total number of branch …
Business
Evening Standard
Crypto woes intensify after lender Genesis files for bankruptcy
The continued downfall of the crypto industry showed no signs of abating today after one of its largest lenders collapsed.Genesis Global Capital, the lending arm of crypto business Genesis, has filed for Chapter 11 bankruptcy in New York after failing to raise enough capital to swerve a liquidity crisis.It had assets and liabilities in the …

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